Flipkart co-founder Sachin Bansal plans to brush up on his coding skills and finish off a few pending projects after exiting the company post its Walmart deal.
The US retailer giant recently acquired 77 per cent stake in Flipkart for about $16 billion. Sachin, who had co-founded Flipkart with Binny Bansal in 2007, has decided not to stay on after the acquisition.
“Flipkart truly upheld audacity and customer centricity and I got to work with the best people. We took on some of the biggest challenges and solved many complex problems for india,” Sachin said in a farewell post on Facebook.
“Sadly my work here is done and after 10 years, it’s time to hand over the baton and move on from Flipkart. But I’ll be watching and cheering from the outside — Flipsters, you better continue to do a good job!
“I will always cherish the relationships I’ve built and amazing experiences I’ve had.
Wishing all the best to the whole team,” he added.
Reacting to Sachin’s departure, Binny said he was sad to see his business partner leave. Sachin’s decision to exit Flipkart was a “very emotional moment,” said Binny and said he did try to convince Sachin to stay on.
Although they share the same last name, Sachin and Binny are not related. But they go way back. The duo came to know each other as they were passing out of Indian Institute of Technology, Delhi, in 2005 and two years later they decided to launch Flipkart.
“More than anything else, it is a very emotional moment for all of us. Sachin and I go a long way. We met in 2005 when we were passing out (of IIT, Delhi). Both of us moved to Bangalore. We were a group of 8 friends from IIT Delhi and we used to hang out together all the time and we were best of friends,” said Binny recalling Flipkart’s journey.